LISTED GROUP ACQUIRES PARKING PRODUCTS MAKER

Solihull-headquartered manufacturing group Hill & Smith Holdings has completed the acquisition of a Tamworth-based parking and access control products maker. Parking Facilities Ltd has been snapped up by the listed company for a cash consideration of £12.4m. The consideration will be funded from Hill & Smith’s existing debt facilities. Parking Facilities specialises in the design, manufacture and supply of a market-leading range of parking and access control products including cantilever, bi-fold and swing gates, automatic and manual barriers, automatic bollards, rising kerbs, speed ramps and access control equipment. In the…

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